The Foundation and Pattern Choice for the Sustainable Development of Chinese Financial Trust Industry

Since it was resumed in 1979, China＇s financial trust industry has experienced five major improvement and rectification. With the implementation and promulgation of ＂one law and two regulations＂ and the establishment of China＇s Trust Industry Association, financial trust industry is developing into a relatively good stage. In view of practice and regular patterns of its development, we have to set up ideas of sustainable development so as to prevent the financial trust industry from involving in a circle of ＂development-- reorganization---development again--reorganization again＂. At present, the premise to realize financial trust industry＇s sustainable development is to fully understand the unique comparative advantage of financial trust industry and establish scientific market function.     

Who is Going to Supply the Milk to China＇s South？

China＇s dairy industry has experienced rapid expansion in recent years, with an average annual growth rate of 23.8 percent from 2000 to 2006. However, there exists a serious geographical distribution imbalance in milk production and consumption. Approximately 85 percent of China＇s milk is produced in northern China, where 40 percent of the country＇s population reside. In contrast, only about 15 percent of the milk is produced in China＇s south, where 60percent of China＇s population reside. This has resulted in a significant gap between milk production and consumption in southern China and this gap is expected to rise. This paper considers China＇s milk demand and supply situation, analyzes the likely potential for China to expand its milk production and explores options for meeting milk demand-supply shortages. Policy and trade implications are discussed.     

Energy Restructuring in China： Retrospects and Prospects

Thirty years have passed since China first adopted the policy of reform and opening up to the outside. Reviewing and appraising the advantages and disadvantages of the government＇s energy restructuring policy in the intervening years is of great importance to the consideration of future reform and opening-up efforts in this industry. Energy production and supply have been a major part of the national economic restructuring. In this paper, the author proceeds from three angles to review and assess the reform and opening-up efforts in the energy industry, and suggests some direction and priorities for its restrueturing in the future.     

Actuality Analysis of the Development of Industry Association in China and its Countermeasures

With China＇s entry into WTO and the globalization of the market economy, changing the old management mode of administration of Chinese employer＇s organization as soon as possible and building the function mode of modem market mechanism have already, become the urgent task of China＇s economic reform and development. Based on the current situation of the development of industry association in China, this paper lists the problems and difficulties faced in the development of employer＇s organization at present and puts forward corresponding countermeasures and suggestions by analyzing the problems.     

internationalization Strategies for China＇s Construction Enterprises

China＇s accession to WTO brings about fresh opportunities for China＇s contractors to further participate in the international contracting market. Meanwhile, China＇s local market will also further be opened up to the external contractors. That means the competition will be fiercer. In comparison with their foreign counterparts, China＇s construction enterprises have comparatively low competitive ability. Therefore, the author tries to analyze the influence factors that prevent the development of China＇s construction enterprises. And then a number of strategic measures have been discussed in this paper in order to strengthen the core competence of the enterprises, such as talents recruiting, capital management, cost control, innovation of management means and strengthening cooperation and recombination, etc.     

A Study on Service Quality Improvement of Property Management in China

This paper analyses the service quality level of property management in China and the relationship between the improvement of service quality and the obtaining profit ability for a property management enterprise. It is very important for property management industry＇s development. Moreover, based on an analysis of key factors to service quality, a continuous quality improvement approach for China＇s property management is proposed, and some useful quality improvement tools and methods involved in this approach are briefly addressed, which can promote the service quality of whole property management industry in China.     

Analysis of Chinese Cigarette Competition Modes in the Government Monopoly Environment

As a main tax resource, cigarette industry brings about 10% of Chinese annual income. China is by far the largest producer of tobacco products of the world. The nation＇s policy and management mechanism are important elements greatly influencing the competition structure of cigarette industry. Due to the double characters of tobacco, the country generally imposes a high tax and a limited total product output in order to intervene the cigarette market. Therefore, the price signal of cigarette market is distorted and to large extent the competition of the industry is far from a free one, Presently cigarette industry is under the administrative monopoly management in China and meanwhile the cigarette producing is in a multi-element competition style within the nation＇s planning scheme. In other words, administrative monopoly and over-competition exist simultaneously in China＇s cigarette industry. The country predetermines the output quota of each cigarette manufacturing enterprise and the actual production outputs of these enterprises could be adjusted through the quota trades among them. The competition in cigarette industry is mainly represented in 3 modes, i.e. production output competition based on quota trades, value-added competition in producing and selling, and the niche market competition based on product classification.     

Growing Economic Interdependence of China and the Gulf Cooperation Council

The six nations of the Gulf Cooperation Council （GCC） have approximately 40percent of total proven oil reserves as well as 23 percent of the world＇s gas reserves. Although rising oil revenues have led to greater outward investment flows, there is also a growing need for significant expansion of the domestic energy sector＇s capacity. Meanwhile, China＇s sustained economic boom has resulted in China emerging as the world＇s second largest consumer and importer o foil, with close to 40percent of its import demand presently sourced from the GCC. This share will grow significantly in the future. Commercial relations between the GCC and China have to date been dominated by energy-related bilateral investment flows and China＇s oil imports. Although this will continue to be a central feature, trade and investment links in non-energy areas will further broaden and deepen the relationship. China ＇s relationship with the USA in terms of energy is also emerging as a major issue. Rather than being competitors, a mutual dependence on stable and secure supplies from the GCC highlights the need for a cooperative relationship.     

Global Production Network and the Upgrading of China＇s Integrated Circuit Industry

Using an analytical framework of the global production network （GPN）, the present paper examines the external environment and the internal dynamics of China＇s integrated circuit （IC） industry. We analyze the transition of China＇s IC industry from a state-led integrated device manufacturers＇ model to deeper integration into the GPN. We also explore the technological sources, the upgrading dynamics as well as the positioning of different nodes of China＇s IC industry in the GPN. We conclude that the ＂East Asia model＇＂ of gradual industrial upgrading might not apply anymore in the new era of GPN. High-technology industries can now be upgraded based on a parallel evolution model. Policy implications for China＇s high-technology industrial upgrading strategies are drawn from our analysis.     

Analysis on Development Strategy of China＇s Commercial Street： A Case Study of Hangzhou City

China is arranging a boom of commercial street development across the country and Hangzhou works as an outstanding example. Commercial street economy is boosting China＇s urbanization and industry prosperity. Concerning on the rapid and sound development of commercial street in China, this paper introduces many problems and conflicts that block domestic commercial street development. With the guidances of China Commercial Walking Street Committee and Hangzhou Bureau of Economy and Trade, data analysis by Hangzhou Municipal Bureau of Statistics, and case study of commercial streets in Hangzhou, the paper states that commercial street development beyond China＇s socialism economic system should follow the guidance of scientific outlook on development, insist on government-led and market-driven, design first and service-oriented, and highlight core feature and comprehensive facility. Also, it is essential to unify and ensure legal status of management committee, and streamline organizational structure, balance between interest groups, weaken conflicts of public and private, and promote industry association development and privately-operated public affairs to ensure sustainable development of commercial street, which will truly benefit domestic urbanization as well as improve people＇s material and cultural life. For the other developing countries in the urgent progress of industrialization and urbanization, the paper is expected to be guidelines.     

Experience and enlightenment of recycling system of packaging waste in Europe

As economy explodes and packaging industry flourishes, it is a critical issue that international community encounters the waste of resources and environmental pollution caused by packaging waste. As far as the Packaging Waste Management is concerned, European countries are abundant in worthwhile experiences, which could be used for reference to China＇s Construction of Packaging Waste Recycling System. Based on the analysis of industrial chain of European Packaging Waste Recycling System, this paper illuminates the corresponding policies, managements and role of distinguished interest-individual in different stages, which administers suggestions on how to put forward policies and implementing ordinance to China＇s Packaging Waste Management.     

The Theory and Demonstration of System Resource Constraint

Based on the former resource constraint theories, this paper analyzes the surplus phenomena of the scarce nature recourses in order to reveal the principle of resource and other industry＇s sustainable development. We propose thd System Resource Binding Theory, in which we take the market volume as a scarce resource. With the help of the theory, we analyze the energy industry＇s development characteristic and the constraint mechanism of Neo-economies.     

What Caused the Sharp Downturn in the Chinese Economy during the Global Financial Crisis？ A Critical Note on Causality in Trade Linkage

In responding to a view that attributes sharp downturns in the Chinese economy in late 2008 and early 2009 to the ＂collapse of external demand,＂ the present paper scrutinizes three relevant issues： How have large Chinese importers behaved in a demand-price setting？ How have Chinese commodity imports and exports interacted in recent years？ Did the downturns in China＇s export growth come earlier and were they deeper than those in Chinese import growth？ All answers appear to suggest a conclusion contrary to the abovementioned view： sharp downturns in China＇s trade and economy during the reeent global financial crisis were, to a large extent, caused by certain domestic factors, or by factors that should not be regarded as entirely ＂external. ＂ Insomuch as globalization has advanced, a large economy like China＇s today faces new potential sources of macroeeonomic disturbances, from inside and outside.     

University （undergraduate） logistics management education and training mode in China

In recent years, in order to meet the increasing needs of logistics-majored professionals, Chinese higher logistics management education （undergraduate） is developing rather fast and universities are recruiting a sharply increasing number of students for this program. Nevertheless, Chinese higher education mode has the problem of over-emphasizing on theories and knowledge teaching rather than students＇ practice experienceand all-around ability, which can hardly meet the market demand for high-quality logistics-majored professionals. As a result, a reform in the university logistics education and training mode should be placed on the agenda, which is very essential to improve university logistics education in China.     

External Demand Decline-caused Industry Collapse in China

Industry collapse has become an importantphenomenon in China＇s recent economic growth fluctuation. This paper develops a simple model to analyze this phenomenon. Our analysis focuses on an external demand decline-caused industry collapse. The model reveals that the combination of large-scale decline in external demand with a horizontal domestic supply curve causes the domestic export industry to undergo a sharp decrease in output in a short period of time, which further leads to a sharp decline in employment. The conventional stabilization policy is less effective in coping with this sudden industry collapse. The Chinese Government needs to formulate an appropriate structural industry stabilization policy to cope with the sudden industry collapse, and, in particular, to implement a direct employment aid program to deal with unemployment resulting from the industry collapse.     

Has Fiscal Federalism Worked for Macroeconomic Purposes？ The Chinese Experience 1994-2003

China＇s central government undertook major tax regime reform in 1994 that was characterized by fiscal federalism. In hindsight, this reform might be viewed as being more emphatic towards the revenue side than the expenditure side. The reform has resulted in certain success both for revenue shifting and inflation fighting purposes. However, the reform and its subsequent follow-ups have not addressed some fundamental issues pertaining to China＇s government finance system, such as the overhauling of the function of government finance and redrawing lines between the central and regional governments with regard to their fiscal responsibilities and duties. Moreover, fiscal federalism might have actually increased fiscal burden on the economy, especially on domestic sectors of the economy. However, coupled with enhanced policy support for China＇ s external development, fiscal federalism might have helped to further accelerate resource shifts toward the external sector, thus resulting in an unprecedented rapid expansion in China＇ s exports since the mid1990s.     

The Research on the Relation between China＇s Accession to WTO and China＇s Economic Development under the Theory of Comparative Advantage

According to the theory of comparative advantage, the relation between China＇s accession to WTO and China＇s economic development is studied. And a positive conclusion is presented in this article.     

Assessment of the tertiary industrial development in Henan

The 21^st century is a century of service economy. The proportion of the tertiary industry becomes an important criterion to evaluate the economic level of a country or a district. As a big province with the largest population, whether the tertiary industry in Henan can develop rapidly and profitably in the long run or not has direct influence on the problem of employment pressure. Besides, this industry plays a very important role in supporting the further development of the first and the second industry. In order to provide a reference for instructing the further development of economy in Henan, based on the information got from the first general inspection of Henan＇s economy, gives a brief analysis according to the condition of different occupations, different districts and different interest effects.     

Reaping the Economic Benefits of Decarbonization for China

Chinaneeds to reduce its carbon emissions if global climate change mitigation is to succeed. Conventional economic analysis views cutting emissions as a cost, creating a collective action problem. However, decarbonization can improve productivity andprovide co-benefits that accord with multiple national policy objectives. We track China ＇ s progress in reducing the emissions intensity of the economy, and construct a macro scenario with China＇s carbon emissions peaking in the 2020s. Investment in greater energy productivity and economic restructuring away from heavy industries can bring productivity gains, and decarbonization of energy supply has important co-benefits for airpollution and energy security. Combined with lower climate change risks and the likelihood thai China＇s actions will influence other countries, this suggests that cutting carbon emissions is not only in China＇s self-interest but also in the global interest. To properly identify the true costs and benefits of climate change action requires new thinking in economic analysis.     

Research on Early Warning System for FDI utilization risk

Although the Foreign Direct Investment （FDI） has greatly improved the development of China＇s economy, its menace has also gradually appeared. With the help of quantitative and qualitative methods, this paper made a research on the impact of FDI on China＇s economy by applying Early Warning System （EWS）, so as to measure the safe coefficient of China＇s FDI utilization, make timely prediction and, in addition, suggest specific foreign capital management and controlling strategies for the policy makers to adopt under various conditions.